Yahoo, Wachovia, WaMu, UPS, UAL

SAN FRANCISCO (MarketWatch) - Tuesday will be another busy day in the stock market with a number of high-profile companies -- including Yahoo, Wachovia, WaMu and UPS -- scheduled to report earnings.

Yahoo Inc.
YHOO, +0.85%
is projected to report earnings of 11 cents share in the second quarter, according to analysts surveyed by FactSet Research.

Wachovia Corp.
WB, -0.64%
is forecast to post a loss of 78 cents a share in the second quarter, according to analysts surveyed by Thomson Reuters.

Washington Mutual
WM, -0.06%
is expected to report a loss of $1.02 a share in the second quarter, according to analysts surveyed by FactSet Research.

United Parcel Service
UPS, +0.52%
is likely to post second-quarter earnings of 86 cents a share, according to analysts surveyed by FactSet Research.

Battered by high-oil prices and weak economic trends, the outlook for airlines' earnings in the previous quarter is dismal. Analysts polled by Thomson Reuters are predicting UAL Corp.
UAL, +3.34%
the parent company of United Airlines, to report a loss of $2.05 a share in the second quarter while US Airways
LCC, +0.50%
is expected to hand in a second-quarter loss of $1.29 a share. JetBlue Airways
JBLU, +0.32%
is projected to post a loss of 6 cents a share in the second quarter, according to analysts surveyed by FactSet Research.

Dow-component Caterpillar
CAT, -0.77%
is forecast to post earnings of $1.54 a share in the second quarter, according to analysts surveyed by FactSet Research.

Chemical giant DuPont
DD, +0.23%
is projected to report second-quarter earnings of $1.07 a share, according to analysts surveyed by FactSet Research.

PepsiAmericas
PX1, +0.60%
is expected to post earnings of 62 cents a share in the second quarter, according to analysts surveyed by FactSet Research.

E-Trade Financial Corp.
ETFC, +0.56%
is likely to post a loss of 14 cents as share in the second quarter, according to analysts surveyed by FactSet Research.

Analysts polled by FactSet Research are estimating Lockheed Martin
LM, +0.18%
to post earnings of $1.88 a share in the second quarter.

Chicago Mercantile Exchange Holdings Inc.
CME, +0.37%
is expected to report earnings of $3.85 a share in the second quarter, according to analysts surveyed by Thomson Reuters.

UnitedHealth Group Inc.
UNH, +0.50%
is likely to post second-quarter earnings of 64 cents a share, according to analysts surveyed by FactSet Research.

Broadcom
BRCM
is projected to post second-quarter earnings of 36 cents a share, according to analysts surveyed by Thomson Reuters.

Freeport-McMoRan Copper & Gold
FCX, +0.96%
is forecast to report earnings of $2.41 a share in the second quarter, according to analysts surveyed by FactSet Research.

Analysts are predicting Boston Properties
BXP, -0.59%
to post second-quarter earnings of 67 cents a share, according to Thomson Reuters.

Fifth Third Bancorp
FITB, -0.33%
is expected to post a loss of 10 cents a share in the second quarter, according to analysts surveyed by Thomson Reuters.

AK Steel Holding
AKS, -5.50%
is likely to report second-quarter earnings of $1.13 a share, according to analysts surveyed by FactSet Research.

Analysts are estimating Corn Products International
CPO, +0.00%
to post second-quarter earnings of 80 cents a share, according to FactSet Research.

STMicroelectronics
ST, -0.42%
is forecast to post earnings of 12 cents a share in the second quarter, according to analysts surveyed by FactSet Research.

Biogen Idec Inc.
BIIB, -0.61%
is expected to report second-quarter earnings of 84 cents a share, according to analysts surveyed by FactSet Research.

Pactiv
PTV, +20.00%
is likely to report earnings of 48 cents a share in the second quarter, according to analysts surveyed by FactSet Research.

XTO Energy Inc.
XTO, +0.30%
is forecast to post earnings of $1.05 a share in the second quarter, according to analysts surveyed by FactSet Research.

VMware Inc.
VMW, -0.21%
is expected to report second-quarter earnings of 23 cents a share, according to analysts surveyed by Thomson Reuters.

Analysts are predicting Rockwell Automation
ROK, +1.42%
to post third-quarter earnings of 98 cents a share, according to FactSet Research.

Western Union Co.
WU, -0.59%
is likely to post earnings of 31 cents a share in the second quarter, according to analysts surveyed by FactSet Research.

Nabors Industries
NBR, -0.48%
is forecast to report second-quarter earnings of 70 cents a share, according to analysts surveyed by FactSet Research.

Analysts are estimating Intuitive Surgical
ISRG, +0.93%
to post second-quarter earnings of $1.18 a share, according to FactSet Research.

Halliburton
HAL, -0.42%
is likely to post second-quarter earnings of 68 cents a share, according to analysts surveyed by FactSet Research.

Watch List

American Express
AXP, -0.19%
reported its second-quarter net income came in at $653 million, or 56 cents a share, down 38% from a year earlier when the credit card company made $1.06 billion, or 88 cents a share. The latest results include $600 million that the company added to reserves to cover bad loans in the U.S. There was also one other $136 million charge and a tax benefit of $101 million. American Express was expected to make 83 cents a share, according to the average estimate of 16 analysts in a Thomson Reuters survey. "We do not expect to meet or exceed our long-term financial targets until we see improvements in the economy," Kenneth Chenault, chief executive of American Express, said in a statement. See full story

After Monday's closing bell, Apple
AAPL, +1.63%
reported a fiscal third-quarter profit of $1.07 billion, or $1.19 a share, up from $818 million, or 92 cents a share, during the same period a year ago. Revenue rose to $7.46 billion from last year's sales of $5.41 billion. The company beat the estimates of analysts surveyed by FactSet Research, who forecast Apple to earn $1.07 a share on sales of $7.36 billion. Apple Chief Financial Officer Peter Oppenheimer said the company expects to earn $1 a share on $7.8 billion in revenue in the fiscal fourth-quarter. See full story

Boston Scientific
BSX, +0.97%
said its second-quarter net income slid to $98 million, or 7 cents a share, compared with the $115 million, or 8 cents a share, for the same period a year ago. Sales for the medical device maker were $2.02 billion, down from last year's $2.07 billion. The company said results were adversely impacted by various charges, and it would have reported earnings of 20 cents a share without them. Analysts polled by FactSet Research had forecast earnings of 11 cents a share on sales of $2.01 billion. See full story

Brocade Inc.
BRCD, -0.08%
said it has agreed to acquire Foundry Networks
FDRY
in a cash-and-stock deal valued at about $3 billion. Under the terms of the deal, Brocade will pay $18.50 in cash plus 0.0907 shares for each share of Foundry, representing a total value of $19.25. The deal represents a premium of more than 40% over Foundry's closing price of $13.66 on Monday before the deal was announced.

Chemical company Hercules Inc.
HPC, +4.51%
reported a second-quarter net income of $61 million, or 54 cents a share, up from $41.3 million, or 36 cents, in the year-ago quarter. Revenue rose to $612.6 million from $549 million a year ago. Analysts polled by FactSet Research had predicted the special chemical company would earn 44 cents a share on $600.8 million in sales. Hercules on July 11 agreed to be bought out by Ashland Inc. for about $3.3 billion in cash and stock.

Merck
MRK, +1.85%
reported a second-quarter net income of $1.77 billion, or 82 cents a share, compared with $1.68 billion, or 77 cents a share, for the same quarter last year. Excluding various items, Merck would have reported adjusted earnings per share of 86 cents versus 82 cents. Revenue slipped 1% to $6.05 billion, not including a positive foreign currency impact of 5%. According to FactSet, analysts forecasted a mean estimate of earnings per share of 83 cents, on revenue of $6.07 billion. Combined sales of the company's controversial cholesterol drugs Vytorin and Zetia fell 9% to $1.2 billion. See full story

QLogic Corp.
QLGC, +0.12%
said its fiscal first-quarter net income rose to $31.6 million, or 24 cents a share, from $18.9 million, or 12 cents a share in the same period a year earlier. Net revenue rose to $168.4 million from $139.8 million. Excluding special items, QLogic said earnings for the period were 31 cents a share. Analysts on average estimated QLogic would post earnings excluding special items of 29 cents a share, and $162.1 million in net revenue, according to FactSet Research.

Royal Caribbean Cruises
RCL, +0.48%
reported its second-quarter net income fell to $84.7 million, or 40 cents a share, from $128.7 million, or 60 cents a share, a year earlier. Revenue increased to $1.58 billion from $1.48 billion in the same quarter last year. Analysts had forecast earnings of 40 cents a share on revenue of $2.05 billion. The company expects earnings of $1.65 to $1.70 a share in the third quarter and $2.55 to $2.65 a share for 2008. At the same time, the cruise line said it will cut about 400 shore-side positions as part of its effort to reduce spending by $125 million annually. As a result, the company expects to record a restructuring charge of 7 cents a share in the third quarter.

SanDisk Corp.
SNDK
swung to a loss of $68 million, or 30 cents a share, in the second quarter, compared to earnings of $28 million, or 12 cents a share, for the same period last year. Excluding certain charges, the company said net losses totaled $22 million, or 10 cents a share, for the recent period. Revenue slipped 1% to $816 million. Analysts were expecting earnings of 13 cents a share on revenue of $903.3 million, according to FactSet Research. See full story

Schering-Plough Corp.
SGP, -0.06%
reported second-quarter net earnings fell to $398 million, or 24 cents a share, from $517 million, or 34 cents, a year ago. Excluding one-time items, Schering-Plough's adjusted earnings for the quarter were 45 cents a share. Revenue rose to $4.92 billion from $3.18 billion. Analysts polled by FactSet had predicted the pharmaceuticals giant would earn 41 cents a share from continued operations on revenue of $4.75 billion.

Texas Instruments Inc.
TXN, -0.19%
reported a second-quarter net income of $588 million, or 44 cents a share, compared with a profit of $614 million, or 42 cents a share for the year earlier period. Revenue was $3.35 billion, up from $3.42 billion. Analysts expected the company to post earnings of 45 cents a share on revenue of $3.39 billion, according to a survey by FactSet Research. See full story

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